Questions tagged [legal]
Legal issues relating to the use of Bitcoins or similar crypto-currencies. This includes issues of legal compliance with legal areas such as taxation, money laundering, international currency controls, and so on. Please do not ask for legal advice.
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Do the FCA rules on Financial Promotion for cryptoassets prohibit me buying Bitcoin?
I am a small retail buyer/holder of Bitcoin.
In June 2023 the FCA released this Policy Statement https://www.fca.org.uk/publication/policy/ps23-6.pdf
My question relates to the 'client categorisation ...
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Addresses to do with illegal transactions
I have been searching for sources to obtain illegal addresses used in high profile incidents such as the Mt. Gox hack, Stone Man Hack etc. It would be helpful if someone has this on hand.
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Bittrex toke my BTCP tokens [closed]
As some of you recall, we had the BTC ZCL fork this year. For those who had the ZCL on the Bittrex wallet, they were convert to BTCP, but Bittrex wasn´t trading, but it was allow to keep those tokens ...
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Do bitcoins count as income in the UK?
I am interested in mining bitcoin here in the UK. I have done a quick search and cannot find anything relevant. If I were to use a cloud mining service to mine bitcoin, would it be counted as income ...
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Can I raise a lawsuit against a bitcoin wallet provider?
I think I'm not only one on this boat. I have bitfix bitcoin wallet, it's installed on my phone as it's phone's app anyway, it's got option to create login and password so obviously it connects to the ...
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Buying/Operating Bitcoin ATM
I am looking for some assistance in gathering the correct information about starting to buy/run/operate a bitcoin ATM in Los Angeles, CA. I would like to start with one and expand to multiple areas.
...
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Is it legal to buy things internationally for Bitcoin from India?
I want to buy educational videos from someone in the USA, who offers them privately for sale as a digital download. He accepts Bitcoin.
I'm purchasing them from India.
Would it be legal for me to ...
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How old does one need to be in order to mine or use Bitcoins? [duplicate]
How old does one need to be in order to mine or use Bitcoins? Do I need to be 18 years old, or just 13? Is it illegal if a child uses Bitcoin?
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Zero Percent Interest Nonresident Free (Online?) Euro Checking Account with Good Service for Cashing out Bitcoins?
You can cash out bitcoins the cheapest way in Euros, right?
I'm from the EU but my country is not in the eurozone, so that's why I need a convenient nonresident euro account.
I'm looking for the ...
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When thinking about e-currency in a general sense, what features discourage black market usage, but promote anonymity?
I'm interested in e-currency that discourages black market usage (child porn, meth deals, etc) but allows for anonymous operation (donations to charity, buying a pizza, viagra, or other health issues)
...
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Documenting bitcoin cash buys
I've been trading BTC in the UK via bank transfer for a while now and may begin doing cash purchases soon. I've realised that it is critical I document the cash withdrawal as an expense so that I get ...
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Why does Bitcoin fail the Howey test?
The Howey test has been influential in shaping the legal understanding of what constitutes a security, particularly in the context of cryptocurrencies and token sales, where the application of ...
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Is there a way to report/shutdown a Bitcoin Criminal/Bad-Actor?
I received a SPAM/Phishing/Blackmail email demanding payment to a specific Bitcoin wallet.
BTC: 15vUqauqHybEPvXYLv97WW4XwM2YHXYC1d
How can this criminal be shutdown?
If legal action is ...
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Is BTC and Crypto Currency Illegal in USA
My close friend who is the biggest currency rebellion I know. He introduced me to Bitcoin. Earlier he told me about some guy called Nothaus who created currency, in HI. However he got arrested for it. ...
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What to do when you genuinely don't understand anything about taxes, yet are apparently expected to pay them for your Bitcoin?
I've just read a massive webpage from Swedish Tax Agency about Bitcoin. I'm not trying to "be cute" here, but I must say that I didn't understand a single thing of it. I understand Swedish ...
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How to ask crypto exchange to seize scammed funds traced to one of their exchange wallets?
There are now blockchain explorers that allow popular wallet addresses like crypto exchange aggregate wallets to be labeled with "Binance 1" or "Binance 4" for instance.
If you ...
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How can I officially prove that a Bitcoin private key is owned by an entity?
I am the co-founder of an early-stage startup that aims to prove existence of various qualifications (academic, professional...) via the Bitcoin Blockchain.
In order to validate a piece of data, an ...
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Buying from country A, selling in country B
I was curious as to whether is it legal/allowed to buy bitcoins (from a friend for example) from another country where the value is less and then sell the bitcoins in the UK, for a profit.
I'm new to ...
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Class action suit against Mt. Gox?
This NY Times article says a Chicago law firm is representing Mt. Gox customers in a lawsuit against that company. I had a small about of bitcoin in a Mt. Gox account. The law firm has not contacted ...
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Do I need to register my shiny new Crypto with some agency if I want to pay someone with it? [closed]
While I am guessing that, as most anyone can create a crypto and sell it or accept it as a form of payment, that it would be legal to give crypto as a form of payment (as bitcoin originally did with ...
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Could the "pizza guy" sue now had he not received the pizza? [duplicate]
Let's pretend the guy that spent 10k BTC on a pizza in 2010 did not receive his pizza back in the day (basically got scammed). He shrugged it off as it was only ~20$.
He forgets about it, and notice ...
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Reject transaction because of illegal data
We already know there is illegal data on the blockchain and it will be on there for ever.
That got me wondering about the potential legal implications for miners, since they are technically endorcing ...
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Does Bitcoin have a legal expert/team that does their work? [closed]
Does Bitcoin have a legal expert/team that does their work? (yes, they - a group of interested individuals (the Bitcoin team) even though they have no formal association - are a decentralized network ...
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Is it legal to buy concurrency in USA [closed]
I would like to seek for your help since I would like to have confident answers on the following questions:
(please include links for official websites)
Is it legal to buy & hold currencies (such ...
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Who is liable my case or is it a classic hack?
Recently i purchased a Bitcoin from BITX, the South African Exchange for bitcoin. I purchased 28 Bitcoins from BITX. When they sent me the 28 Bitcoins to my Blockchain iOS app, the Bitcoins were in my ...
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Is it illegal to trade Bitcoin OTC in the United States [duplicate]
I am considering selling Bitcoin OTC. As far as the legalities go, is it legal to anonymously trade Bitcoin for cash without taking KYC information and registering with FinCEN? I know all the "big ...
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Accountability with Bitcoin transactions
In one of the comments to this question Highly Irregular pointed out an interesting legal issue that might arise with Bitcoin. Mainly, if some organisations use Bitcoin (say, Wikileaks) and are deemed ...
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What actually did Alexander Vinnik / BTC-e do?
As far as I undesrstood, Vinnki / BTC-e just allowed anonymous operations, nothing more. They didn't steal money, Vinnik didn't launder it himself. Other criminals just used BTC-e for their activities,...
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Why do several exchanges not comply with KYC regulations
I am doing a research project about Crypto regulation. From what I read, Know Your Customer and Anti-Money Laundering compliance from exchanges are legally required in the US. However, a quick search ...
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Is it true that a cryptocurrency exchange could freeze any account with suspicious bitcoins?
You are a law-abiding citizen and you have no idea how the bitcoins that you own now were used before. However, there is always a chance of getting "dirty" bitcoins that were used by ...
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If I buy a house for Bitcoin directly, do I owe the government taxes in Bitcoin or in fiat? [closed]
If Sue buys a house for 1 Bitcoin, that is, giving the 1 BTC directly to the person selling the house (no fiat involved), does she have to pay a % of that in Bitcoin to the government, or do they ...
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Is accepting Bitcoin as a gift save?
I've got certain amount of mBTC from a person I don't know well (we've never met in person, although we chat online from time to time), in the form of them giving me the key for getting access to the ...
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How to turn my bitcoins into legal money
For a while now I have been mining and have now got 5 Bitcoin which I'm ecstatic about as it means once I have the money for it, I'll be £13k richer and can put a deposit down on a house.
Whilst I ...
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Can Bitcoin be "shutdown" if energy consumption for mining is heavily regulated?
Can Bitcoin be "shutdown" or heavily hampered if energy consumption for mining is heavily regulated? Can transactions still be processed if mining for new coins is hampered? I am thinking it would be ...
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Exchange-based vs over-the-counter (OTC)
I read an article about China ban on exchange, which mentions that
... the ban on exchange-based cryptocurrency trades will not extend to over-the-counter (OTC) transactions.
I am confused over ...
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Are there any laws that govern the use of crypto currencies in the international law?
I want to start up a Bitcoin exchange in Kampala Uganda but I want to first know what the law says on crypto currencies.
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PlexCard Visa : Would it be legal all around the world?
Recently, Plexcoin is to come up in the market with very promising future. Directly, citing from their website, the features include
In comparison to Bitcoin (45 minutes), the transactions (deposit, ...
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Bitcoin conversion with comingled funds
If hackers convert stolen money into bitcoin and then deposit the money into a regular commercial bank assuming that they stole like 100 million dollars or more, would it be possible for them little ...
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Can I use my Bitcoins to buy household commodities just like ordinary money?
Can I use my Bitcoins to buy household commodities just like ordinary money? You see, I'm a newbie and have yet to learn the basics including all the facts about Bitcoins. However, I want to be ...
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What are the (non-escrow) methods people are using to minimise bitcoin transaction fraud?
Direct peer-to-peer bitcoin transactions are irreversible; and relying on a centralised escrow or reputation service for fraud protection is contrary to bitcoin's decentralised philosophy.
What other ...
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Are Bitcoin in Thailand illegal?
I have read conflicting reports on whether Thailand declared Bitcoin illegal or not. What has happened and how did it affect Bitcoin commerce in Thailand?
To what degree are there restrictions? I.e. ...
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What is it that frees Bisq from all these KYC/AML laws and regulations?
I feel as if I should probably not ask about this, and instead just quietly go on using it in my little corner, not bringing any attention to its existence, but I still must ask:
What is it that ...
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Bitcoin Core Desktop Wallet retaining my coins due to Gap Limit being exceeded
trying to send coins am unable to enter address. have to load from clipboard, cannot copy and paste, address bar goes red, disables send functions. i explore reasons, seems 20 unused address gap limit ...
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Legally shuttering miners and full nodes by adding illegal information to blockchain [duplicate]
In many jurisdictions possession or distribution of certain information or content is illegal. Illegal primes, classified information, magnet links to copyrighted torrents, hate speech, outlawed ...
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How old do you need to be to buy bitcoins in a atm? [duplicate]
I've read all the others Q&A and I haven't found the answer to my question or I haven't noticed. I live in Spain and is there an age restriction to use an btc atm (I'm 16)?
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Can I force my company to pay me in Bitcoin
I just got my bank account closed.
Reason: International payment were not supported
I don't like to waste my time in bank formalities. I am a programmer. I wish to stay technical for most of the ...
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Is bitcoin mining a business? [closed]
Just a very quick, and I hope simple question. Is Bitcoin mining classed as running a business?
All comments appreciated!
Thanks
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Indian Government is trying to legalise Bitcoins in India. Why?
The Government of India is trying to legalise bitcoins.
So, say I would purchase 25 bitcoins by paying in Indian Rupees to a 'X' Bitcoin company. In turn, my identity could be know by that 'X' online ...
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Does using bitcoins require a "K-1" under some circumstances?
That's it...whenever currencies are traded, the possibility of a K-1 form arises, and since we're dealing with the dollar and the bitcoin here, and some people just trade the two without using them ...
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Fundamentals of a Bitcoin Lottery [closed]
I'm relatively new to Bitcoin but love the idea and will soon be accepting bitcoin in my own companies. (We provide online training/e-learning.)
But, just for fun I've set up what I would like to ...
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